question of appropriate expectations and desired levels of risk taking. A portfolio that always succeeds would not be pushing the technology envelope. A very high rate of “success” would thus, paradoxically, suggest an inappropriate use of the program. Understanding the nature of success and the appropriate benchmarks for a program with this focus is therefore important to understanding the SBIR program and the approach of this study.
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1 Introduction ."
An Assessment of the SBIR Program at the National Science Foundation . Washington, DC: The National Academies Press,
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